Receivables Securitization Sample Clauses

Receivables Securitization. Within 90 days after the Closing Date, as such period may be extended by the Administrative Agent in its discretion, the Borrower shall replace the Receivables Credit Agreement with a Receivables Securitization.

Receivables Securitization. The Collateral Agent and each of the Lenders hereby acknowledges that the Borrower is considering entering into a securitization transaction with respect to its Receivables. The Borrower hereby acknowledges that the consummation of such a securitization transaction will require the prior written consent of the Supermajority Lenders.

Receivables Securitization direct or indirect Investments in the Receivables Entity by the Company on the Effective Date of the Accounts of each of the Receivables Originators that have been dividended or otherwise distributed, transferred or assigned to the Company on the Effective Date and the subordinated loans and advances to the Receivables Entity made from time to time by the Receivables Originators in connection with the sale of Accounts under the terms of the Receivables Securitization or other Qualified Securitization Transaction;

Receivables Securitization. The Company shall have furnished to the Agent a summary of the proposed term sheet, the terms of which must be satisfactory to the Agent, of the nonrecourse insured Receivables Securitization facility it intends to enter into following the Amendment Date.

Receivables Securitization. Evidence that the Receivables -------------------------- Securitization shall have been terminated and that the Borrower is prepared to purchase the receivables, with the proceeds of a Borrowing and upon the funding of such a Borrowing.

Receivables Securitization. The Administrative Agent shall have received evidence that the Receivables Securitization shall be consummated contemporaneously with the effectiveness of this Agreement providing for a purchase commitment thereunder in an amount not less than $275,000,000 and shall have received copies of all documents related to the Receivables Securitization, all of which must be in form and substance reasonably satisfactory to the Administrative Agent.

Receivables Securitization. No Credit Party will, nor will it permit its Subsidiaries to, amend, modify or waive the terms of any of the Receivables Documents in a manner that would be adverse to the Lenders; provided, however, that an increase in the amount thereof shall not by itself be deemed to be adverse to the Lenders so long as the Credit Parties are in compliance with Section 8.1(h).

Receivables Securitization. 89 SECTION 16.25